Bank Of Industry (BOI) 2023/2024 Application Portal.

BOI Loan Application Portal 2023/2024

Interested in how to apply for the Bank Of Industry loan? are you a businessman/woman who needs a loan to burst their business to the next level? well, this page is the right place to be and BOI loan is the right loan for you.

This article is all you need to know about the Bank of Industry Loan with how to apply and some related information that you might want to know before applying for this loan and requirements and qualifications.

About the BOI Loan

BOI is controlled by the federal government of Nigeria. It focuses on providing loans to entrepreneurial and industrial enterprises involved in Agro-processing, information technology, and lots more.

What You Should Know Before Applying for this Loan

Below are very important factors you need to know and consider before applying for the BOI Loan;

  1. Mandate
  2. Entities that BOI Finances
  3. Items that BOI can finance
  4. Mode of disbursement
  5. Amount that can be financed by BOI
  6. Collateral requirements
  7. Startup businesses
  8. You need to support your application with some documents

You can see more information on the BOI loan website.

BOI Loan 2023 Requirements and Qualifications

Applicants must provide certain requirements that guarantee their eligibility.

If you do not meet the requirements don’t bother applying. see requirement ;

  • A formal letter of application
  • A photocopy of the certificate of incorporation
  • A standard feasibility study report
  • Copies of passport photographs
  • Company’s organizational structure and management
  • Three years’ most recent tax clearance for the enterprise
  • Marketable financial instruments
  • Legal mortgage on landed property
  • Bank guarantee
  • External guarantors with a known statement of net worth

How to Apply for BOI Loan 2023

See how to apply for the BOI Loan after you might have successfully passed the requirement;

  • visit and register
  • read the “Eight (8) things you should know
  • Then commence your application on this platform carefully
  • Then select if your business is registered or not.
  • Select the amount you need and also the sector then proceed.

The online application form will appear after this and you will continue filling the form with the correct information and click the “register” button

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